Bitfarms vs. Riot: Board Nominee Battle! 🚀

Dispute Overview

[{"selector":"#anim-3e59c89d-b78a-4fa5-9b8d-ea5a25adddf3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.287202267403853%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-8a0a0272-af5f-41b3-8f0d-d61bc5e71dde","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ef5651d1-a9e7-4e0e-a2c5-5316e2d28efd","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-253193fb-6238-43cd-9f81-a42f8a044c3b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a6260783-4008-46bd-af51-b906b17ef644","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Governance Reform

[{"selector":"#anim-0b585aa5-cbd8-46c2-a0db-07659a2d6e94 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.253334405186028%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-ff571050-edd5-4f8e-94ec-06c964e7a16f","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-79a31622-2975-4047-9d34-89b2575ba331","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-20a23aa8-df6b-4a27-a9d1-8f6ebef570a0","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-406b02ab-e2a9-4ac9-8fc9-62553eafa4de","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Riot’s Stake

[{"selector":"#anim-5a933ba7-d248-4715-bdea-9ebab2948c28 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.507569413191774%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-2f30a6f1-ee26-4dfb-b039-2e11d412c62c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-25fb2efa-bb04-4dbd-9a66-ceb2a82ccbc8","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-7dc8348d-2347-4c05-a2d2-b5ce9ca2e01a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7a1d0e6a-c4ab-4775-8a9e-78d2f5e941d5","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Board Meeting

[{"selector":"#anim-27556525-23ad-4d5c-830b-4862f87e069b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.813401331952118%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-8bf9f163-2a3c-4777-ad16-1a28fd673c02","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-87b955db-c679-4e4e-8e97-371e72f48987","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-3537d2d0-b23f-40d9-b05c-d81cdab48bfd","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4bed1a3e-c44d-4f8a-9200-013e27ecb56d","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Bitfarms’ Response

[{"selector":"#anim-ed57ca74-e2a6-493c-8635-0bcb9b535cff [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-14.843749786673241%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-20e8e33b-e4ae-40b5-acbf-c7c5564c63a4","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-251824ea-6cb8-420f-91b1-2ed2781165a2","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a9f07356-dc09-4391-90cc-b698358cd41d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1f1829c3-f15a-4b0e-896b-8c00ac07035e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Strategic Plans

[{"selector":"#anim-2cf65eba-8309-45bc-ae03-4e0e57320ed7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.287202267403853%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-a78b07ed-2ea1-4920-9366-6eb4a8fb0f60","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0704d140-79fb-4662-ab5e-8f615b044a94","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-65775c8a-3b2b-4d05-b828-7e196ed01c79","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a949ed7c-efcd-42c4-9881-ae8c4b8462fd","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Riot’s Concerns

[{"selector":"#anim-18fbb09b-08cb-4b52-a84b-27258872a6f2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.2676552535645%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-0e02fa97-7b31-421d-bfea-cc4fd51b16e8","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8c6aea42-d3c8-41b8-80e7-cc120a9e5831","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9fbd75cb-9d20-4546-add9-359dbdbfe311","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7b713438-f9a2-406a-b1b9-8ae0ba7533bd","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Conclusion

[{"selector":"#anim-6958b60f-623f-4749-ba67-1b336d2c3253 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-9c0f86fb-033b-4cf6-9743-7c1bd270a51a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fbd110e9-161b-453b-8c38-c68a0890cf5e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b2389f5c-35c0-42bf-9fdb-6a5467b3fc5b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d45a2dc6-b8e2-4818-95eb-24794400987e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Bitfarms vs. Riot: Board Nominee Battle! 🚀

Dispute Overview

Bitfarms questions Riot Platforms’ board nominees, accusing Riot of a takeover attempt. 💥

Governance Reform

Bitfarms argues Riot’s proposed board changes are a disguise for a discounted acquisition. 🧐

Riot’s Stake

Riot is Bitfarms' largest shareholder with a 19.9% stake. 🤝

Board Meeting

Riot aims to overhaul the board before the special meeting on Oct. 29. 📅

Bitfarms’ Response

Bitfarms defends its board and recent leadership changes, including a $175M Stronghold acquisition. 💼

Strategic Plans

The Stronghold deal supports Bitfarms’ strategy to expand energy capacity to over 950 MW by 2025. ⚡

Riot’s Concerns

Riot calls Bitfarms’ actions “defensive” and proposes Amy Freedman and John Delaney for board changes. 🔄

Conclusion

The board battle heats up as both companies push for their strategic visions. 🔍